BioForward Wisconsin’s 2022 Industry Landscape and Economic Impact Report shows the state’s biohealth sector is growing, providing continued economic benefits during a time of uncertainty for most businesses. BioForward Wisconsin is a Madison-based advocacy group representing 220 member organizations of Wisconsin’s biohealth industry.
The biohealth industry includes companies operating in the drug and pharmaceutical, medical devices and equipment, biomedical research and testing, digital health, and bio-health related distribution categories.
BioForward Wisconsin’s report shows while the state’s private sector declined by 2.7% from 2018 through 2021, the biohealth industry grew by 10.6%. During the same period, the manufacturing sector saw a decrease of 2% in employment.
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